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HK Govt Proposes Cap of 10,000 Ride-hailing Licenses; Earliest Issuance from End-Nov
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Hong Kong's Transport and Logistics Bureau submitted a document on the regulation of ride-hailing services, proposing to set an upper limit of 10,000 vehicle permits at the current stage. It is anticipated that ride-hailing service licenses could be granted progressively as early as end-November this year, allowing licensed platforms to begin preparatory work. The authorities propounded charging platforms an annual license fee of HKD1.2 million. For vehicle and driver licenses, each vehicle permit with a validity period of not more than 12 months will cost HKD1,560, while each driver permit valid for five years will cost HKD410. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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